General

‘Fast-track’ trade bill approved by US Senate, awaits President’s nod

Author : NewsGram Desk

Washington: The US Senate on Wednesday approved a so-called fast-track trade bill that empowers the president to negotiate trade deals, media reported on Thursday.

The bill will now be sent to President Barack Obama for signing.

The 60 to 38 Senate vote capped weeks of fighting over the trade bill and gave a big push for the Obama administration's trade agenda.

The fast-track legislation, formally known as Trade Promotion Authority (TPA), empowers the president to negotiate trade deals and then present them to Congress for up or down vote, with no amendments allowed.

With the legislation passed by the full Congress, it will give the US trading partners the confidence they need to put their best offers on the table and help the Obama administration conclude the ongoing Trans-Pacific Partnership (TPP) free trade talks, which are nearing completion after more than five years of negotiations. (IANS)

Subscribe to our channels on YouTube and WhatsApp

Download our app on Play Store

Strict Administrative Crackdown in Noida: 203 Contractors’ Licenses Cancelled, 24 Firms Blacklisted, ₹1.16 Crore Fine Imposed For Not Adhering To The Renewed Enforced Labour Laws Following Noida Workers’ Protest

‘The People Are Afraid, Artists Are Afraid…’: Viktoria Bonya’s Viral Video Criticising Governance in Russia; Kremlin Responds

₹865 Crore in Cash, Liquor, Drugs Seized in Bengal and Tamil Nadu Ahead of Polls: ECI

Tensions Boil Over in Manipur as Protesters Clashing with Security Forces Near the Chief Minister's Residence Demand Immediate Action Against Resurgent Armed Militancy

Parliament Budget Session LIVE: Constitutional Amendment Rejected, Consideration of Delimitation and Women's Reservation Suspended